GraniteShares listed four new leveraged ETPs on the London Stock Exchange and Euronext Amsterdam on 1 July 2026, expanding its European range and marking the US issuer’s debut on the Dutch market.
Sign up to our free newsletters
Article created by the editorial staff of ETFWorld.co.uk
Will Rhind Founder & CEO GraniteShares
The products offer tactical exposure to three companies at the centre of current technology trends: flash storage, AI semiconductors and digital assets.
The four ETPs are:
GraniteShares 2x Long Sandisk Daily ETP (ISIN XS3415295149, ticker SAN2), 2x long leverage
GraniteShares 2x Short Sandisk Daily ETP (ISIN XS3415295495, ticker SANS), 2x short leverage
GraniteShares 3x Long Micron Daily ETP (ISIN XS3415295578, ticker MIC3), 3x long leverage
GraniteShares 3x Long MARA Daily ETP (ISIN XS3415295651, ticker MAR3), 3x long leverage
The Sandisk products carry a management fee of 0.65% per annum, while those on Micron and MARA carry 0.99%. They trade on LSE in US dollars and on Euronext Amsterdam in euros. The listing on Euronext Amsterdam represents GraniteShares’ first step into the Dutch market.
The Underlying Companies
Sandisk became independent again in February 2025, following its spin-off from Western Digital. Since then the stock has recorded exceptional performance, driven by demand for NAND memory in data centres and artificial intelligence. Western Digital completed the disposal of its residual stake through a secondary offering of approximately $3.17 billion. Sandisk is now one of the reference companies for exposure to flash storage in a market where component scarcity is pushing prices higher.
Micron Technology is one of the three global producers of High Bandwidth Memory (HBM), the high-bandwidth memory that equips AI accelerators from Nvidia, AMD and the hyperscalers. According to IDC estimates, AI data centres will absorb 70% of global memory chip production in 2026. Micron’s entire HBM4 production capacity for 2026 has already been sold under multi-year contracts. The stock has surpassed a market capitalisation of one trillion dollars and continues to benefit from revenue visibility that the memory sector had never previously recorded.
MARA Holdings is among the main listed operators in Bitcoin mining. The stock is characterised by high volatility (5-year beta of 5.38) and a market capitalisation of around $5 billion. The company recently announced a diversification strategy towards artificial intelligence data centres, in partnership with Starwood Capital, with the aim of converting part of its mining facilities. However, the latest quarterly accounts showed significant losses and the company modified its Bitcoin treasury policy, allowing the sale of reserves.
Market Context and European Strategy
GraniteShares is accelerating its expansion in Europe. Last week it listed on Borsa Italiana and the London Stock Exchange the GraniteShares 3x Long SpaceX Daily ETP and the GraniteShares 3x Short SpaceX Daily ETP, the latter being the first European product to offer short leveraged exposure to SpaceX.
The issuer, founded in 2016 by Will Rhind with backing from Bain Capital Ventures, manages approximately $15.3 billion in assets (as of June 2026) and specialises in single-stock leveraged ETPs. In March 2025 it had to face a temporary suspension of new tranche issuance in Europe for the renewal of its base prospectus, an episode that raised questions about operational robustness. The resumption of launches, with the addition of Euronext Amsterdam to the network of exchanges already including LSE, Borsa Italiana and Deutsche Börse, indicates that the European programme is fully active again.
Risks and Intended Use
Daily leveraged ETPs are tactical trading instruments, not buy-and-hold investments. Performance over horizons longer than one day diverges significantly from the multiple of the underlying performance due to daily rebalancing and compounding effects. Underlying volatility can erode value even in the absence of a defined market direction. Short products expose investors to theoretically unlimited risk in the event of a rise in the underlying.
GraniteShares uses swaps with Natixis as counterparty to replicate leverage, which introduces additional credit risk. The prospectuses highlight that these instruments are intended exclusively for professional investors and eligible counterparties under MiFID II, with the capacity to actively monitor positions and to bear losses up to the entire invested capital.
Summary
The launch of the four ETPs on Sandisk, Micron and MARA allows European investors to take leveraged tactical positions on stocks that embody three distinct but interconnected market narratives: the transformation of storage into AI infrastructure, the structural scarcity of advanced memory for data centres, and the volatility of the digital asset ecosystem. The entry onto Euronext Amsterdam widens the pool of potential investors and confirms GraniteShares’ intention to consolidate its presence in the European market for single-stock leveraged products. The choice of underlyings reflects a precise reading of the themes that dominate the technology and financial debate in 2026.
Source: ETFWorld.co.uk
Subscribe to Our Newsletter
